Common use of Legal validity Clause in Contracts

Legal validity. This Guarantee constitutes the Guarantor's legal, valid and binding obligations enforceable against the Guarantor in accordance with its terms subject to any relevant insolvency laws affecting creditors' rights generally.

Appears in 19 contracts

Sources: Guarantee (EuroDry Ltd.), Guarantee (EuroDry Ltd.), Guarantee (Norwegian Cruise Line Holdings Ltd.)

Legal validity. This Guarantee constitutes the Guarantor's ’s legal, valid and binding obligations enforceable against the Guarantor in accordance with its terms subject to any relevant insolvency laws affecting creditors' rights generally.

Appears in 15 contracts

Sources: Margin Loan Agreement (Teekay Corp), Guarantee, Guarantee (Norwegian Cruise Line Holdings Ltd.)

Legal validity. This Guarantee constitutes and the other Leasing Documents to which the Guarantor is a party constitute the Guarantor's legal, valid and binding obligations enforceable against the Guarantor in accordance with its respective terms subject to and any relevant insolvency laws affecting creditors' rights generally.

Appears in 5 contracts

Sources: Guarantee (United Maritime Corp), Guarantee (Seanergy Maritime Holdings Corp.), Guarantee (United Maritime Corp)

Legal validity. This Guarantee constitutes the Guarantor's legal, valid and binding obligations enforceable against the Guarantor in accordance with its terms subject to any relevant insolvency laws affecting creditors' rights generallygenerally and subject to any qualification as to matters of law which are specifically referred to in any legal opinion delivered to the Lender pursuant to the Supplemental Agreement.

Appears in 3 contracts

Sources: Guarantee (TBS International PLC), Guarantee (TBS International PLC), Guarantee (TBS International PLC)

Legal validity. This Guarantee constitutes the Guarantor's ’s legal, valid and binding obligations enforceable against the Guarantor in accordance with its terms and such obligations will rank at least pari passu with all its other present and future unsecured and unsubordinated obligations subject to any relevant insolvency laws affecting creditors' rights generally.

Appears in 2 contracts

Sources: Loan Agreement (Mc Shipping Inc), Loan Agreement (Mc Shipping Inc)

Legal validity. This Guarantee constitutes does now or, as the case may be, will upon execution and delivery constitute the Guarantor's ’s legal, valid and binding obligations enforceable against the Guarantor in accordance with its their respective terms and subject to any relevant insolvency laws affecting creditors' rights generally.

Appears in 1 contract

Sources: Guarantee (Pyxis Tankers Inc.)

Legal validity. This Guarantee constitutes the Guarantor's ’s legal, valid and binding obligations enforceable against the Guarantor in accordance with its terms subject to any relevant insolvency laws affecting creditors' rights generallygenerally and subject to any qualifications as to matters of law which are specifically referred to in any legal opinion delivered to the Agent pursuant to Schedule 2 of the Guarantee Facility Agreement.

Appears in 1 contract

Sources: Guarantee Facility Agreement (TBS International LTD)

Legal validity. This Guarantee constitutes the Guarantor's legal, valid and binding obligations enforceable against the Guarantor in accordance with its terms subject to any relevant insolvency laws affecting creditors' rights generallygenerally and subject to any qualifications as to matters of law which are specifically referred to in any legal opinion delivered to the Agent pursuant to the Supplemental Agreement.

Appears in 1 contract

Sources: Guarantee (TBS International PLC)

Legal validity. This Guarantee constitutes the Guarantor's ’s legal, valid and binding obligations enforceable against the Guarantor in accordance with its terms and subject to any relevant insolvency laws affecting creditors' rights generally.

Appears in 1 contract

Sources: Guarantee (Box Ships Inc.)

Legal validity. This Guarantee constitutes the Guarantor's legal, valid and binding obligations enforceable against the Guarantor in accordance with its terms subject to any relevant insolvency laws affecting creditors' rights generally.. 9 SUPPLEMENTAL 9.1

Appears in 1 contract

Sources: Performance Guarantee (Frontline LTD /)

Legal validity. This Guarantee constitutes does now or will upon execution and delivery constitute the Guarantor's legal, valid and binding obligations enforceable against the Guarantor in accordance with its their respective terms and subject to any relevant insolvency laws affecting creditors' rights generally.

Appears in 1 contract

Sources: Guarantee and Negative Pledge (DryShips Inc.)

Legal validity. This Guarantee constitutes the Guarantor's legal, valid and binding obligations enforceable against the Guarantor in accordance with its terms subject to any relevant insolvency laws affecting creditors' rights generallygenerally and subject to any qualification as to matters of law which are specifically referred to in any legal opinion delivered to the Agent pursuant to the Supplemental Agreement.

Appears in 1 contract

Sources: Guarantee (TBS International PLC)